The Supreme People's Procuratorate ("SPP") has recently issued the Circular on Issuing the 17th Batch of Guiding Cases of the Supreme People's Procuratorate (the "Circular").
The Circular reads that the 17th batch of three guiding cases (Jian Li No.64-66), including the case in which Yang Weiguo and other criminals illegally took in deposits from the general public, are released for the reference. According to the Circular, these three guiding cases all involve financial crimes. The first case in which Yang Weiguo and other criminals illegally took in deposits from the general public is intended to guide how to understand and identify new financial phenomenon and how to accurately distinguish illicit financial activities from lawful financial innovation. The second case in which Wang Peng and other criminals made use of non-public information to strike deals is meant to clarify how to build the evidence system with indirect evidence for covert securities crimes. And the third case in which the legal representative of Boyuan Investment Co., Ltd. Yu Dini and other senior officers were prosecuted for unlawful disclosure and non-disclosure of important information, aims at resolving how to construe and apply the provisions of the Criminal Law regarding crimes committed by an entity and strengthen the effective link between criminal justice and administrative law enforcement.